For the GLORE Global Online Retail Fund, we track not only the business fundamentals of the most promising online retailers world wide but also the company valuations at the stock market.
Even though the market as a whole is growing and single companies had revenues growing by up to 40% it was not a particularly great year for online retailers at the stock market:
Of all the companies in the Glore fund, Boohoo had the best year with an increase of +265%.
Amazon, coming from a rather high plus of +117% last year, managed only to get onto position 8 in the 2016 GLORE25 ranking with an increase of +11%.
Asos, (after Boohoo another) British online fashion retailer, is up there the second year in a row with this year’s increase at +44%.
Let’s see what 2017 has in store.